(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Ebiquity PLC - London-based marketing and media consultancy - Posts a 16% rise in revenue to GBP37.2 million in the six months to June 30, from GBP32.0 million a year ago. Says underlying operating profit margin almost doubles to 13.3% from 7.1% a year ago. Pretax loss, however, widens to GBP1.3 million from GBP1.1 million. "This reflected the increase in highlighted items before tax to GBP6.0 million from GBP3.2 million, of which the largest element was the accrual for the [Digital Decisions BV acquisition] post-date remuneration", the firm explains. Looking ahead, the firm expects full-year results to be in line with the board's expectations.
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Venture Life Group PLC - Berkshire, England-based self-care product manufacturer and distributor - Pretax loss widens to GBP241,000 in the six months to June 30, from GBP40,000 a year ago, as administrative expenses increase by 56% to GBP7.0 million from GBP4.5 million. Revenue, meanwhile, rises 36% to GBP18.9 million from GBP13.9 million. Adjusted earnings before interest, tax, depreciation and amortisation jumps by 74% to GBP3.3 million from GBP1.9 million a year ago. Looking ahead, the firm expects to deliver full-year revenue and adjusted Ebitda in line with expectations.
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PensionBee Group PLC - London-based online pension provider - Says pretax loss widens to GBP16.9 million in the six months to June 30, from GBP12.8 million the previous year, reflecting the "planned increased investment in marketing, the technology platform and people to drive rapid growth". Revenue, meanwhile, rises by 53% to GBP8.3 million from GBP5.4 million. PensionBee notes high levels of growth in line with its last trading update. Assets under administration at June 30 rises 35% to GBP2.68 billion from GBP1.99 billion at the same time a year prior. Active customers jumps 59% to 246,000 from 155,000 year-on-year. Does not pay a dividend. Firm notes macroeconomic uncertainty moving forward but remains confident of its medium-term objectives, including monthly adjusted earnings before interest, tax, depreciation, amortization by the end of 2023.
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Life Science REIT PLC - life science property investor - Posts a surge in revenue to GBP6.3 million in the six months to June 30, from GBP532,000 between August 1 to December 31 last year. Pretax profit, however, declines by 10% to GBP6.9 million from GBP7.7 million, as administrative expenses jump to GBP2.6 million from GBP834,000. Declares and interim dividend of 1.0p per share as it continues to target a dividend yield of 4.0%. Says it looks toward the second half of the year with confidence. NAV [er share rises to 102.1p on June 30, from 100.2p at end of December.
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Water Intelligence PLC - London-based leak detection services company - Posts revenue of USD35.6 million in the six months to June 30, up 44% from USD24.7 million a year ago. The firm says Network sales grow by 13% to USD85 million from USD75.5 million a year earlier. Pretax profit falls 39% to USD3.5 million from USD5.7 million, as administrative expenses jump to GBP26.7 million from GBP16.0 million. Says well-positioned for future despite inflation and recession.
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DeepVerge PLC - Dublin-based environmental and life science group - Pretax loss narrows to GBP2.4 million in the six months to June 30, from GBP2.6 million a year ago, as revenue surges by 94% to GBP6.4 million from GBP3.3 million. Operational losses fall to GBP2.2 million from GBP2.3 million a year ago due to an increase in gross profit to 56.4% from 52.4% on higher revenue. Looking ahead, DeepVerge expects demand for products and services across the company to continue well into 2023.
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Distribution Finance Capital Holdings PLC - Manchester-based bank providing personal savings products and working capital to dealers and manufacturers - Posts revenue of GBP10.5 million in the six months to June 30, up from GBP6.1 million a year ago. Loan book surges to GBP308.7 million from GBP166.8 million. Swings to a pretax profit of GBP16,000 from GBP2.3 million. Total operating income increases to GBP8.6 million from GBP5.3 million a year ago. Says it is well-placed to manage its business risks successfully within the expected economic outlook.
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By Xindi Wei; xindiwei@alliancenews.com
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